209-211 Texas Street NE, Albuquerque, NM 87108
$720,000
Property Type:
Residential Income
Square Footage:
5,150
Lot Size (sq. ft.):
13,939
Status:
Active
Current Price:
$720,000
List Date:
4/02/2024
Last Modified:
4/24/2024
Description
9% cap rate! New fencing and new stucco surface. TPO roof in some areas, still under warranty. . Low maintenance, no carpet. Units A and B, 209 and 211 have washer hookups. All units have stoves and refrigerators. Two four Plexes with courtyard. Get an 8-plex with the benefits of residential financing. Call broker for info. BOTH 4 plexes must be sold together. Seller financing avalable with substantial down payment.
More Information MLS# 1059871
Contract Information
Listing Price: 720000
Current Price: $720,000
List Price/SqFt: 139.81
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 209-211
Street Name: Texas
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2512
Geo Lat: 35.076859
Geo Lon: -106.556209
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905736915241903/4
Subdivision: Mesa Verde Add
General Property Description
# of Units: 8
5+ Units: Yes
Units for Sale: 8
Property Sub-Type: 8 Units
Apx Structured SqFt: 5150
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.32
Lot SqFt: 13939
Directions: From Copper and Wyoming, go west to Texas. South to property, No sign. Do not disturb tenants. Both buildings must be sold together. Seller financing available with substantial down payment
Stories: 1
Total # of Buildings: 4
Year Built: 1950
Year Built Source: Public Records
Year Built Exception: Unknown
Age: 61 - 70
# Parking Spaces: 12
Disability Access: Yes
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3062.32
Tax Exemption: No
Cooling
Centrally Ducted: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 98916
Operating Expenses: 34080
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1036
Max Rent: 1350
Market Rent: 1300
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1144
Max Rent: 1350
Market Rent: 1300
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1005
Max Rent: 1350
Market Rent: 1300
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 1005
Max Rent: 1250
Market Rent: 1200
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 1144
Max Rent: 1250
Market Rent: 1200
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1222
Max Rent: 1350
Market Rent: 1300
# of Unit Types (7)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1037
Max Rent: 1350
Market Rent: 1300
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 650
Max Rent: 1250
Market Rent: 1200
Unit Summary
Total Units: 8
Average Unit Size: 643.75
Average Actual Rent: 1030.37
Annualized: 98916
Total Actual Rent: 8243
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping; Walled Complex; Wshr/Dryr HU in Unit
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator; Washer H/U
Utilities: Electricity Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Electric; Perimeter/Baseboard
Cooling: Evaporative Cooling
Flooring: No Carpet; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign; Pets Limited
Metering: Individual Electric
Operating Expenses: All
Owner Pays: Electric; Sewer; Trash Removal; Water
Tenant Pays: Some Utilities
Parking: 1.5 Spaces Per Unit
Roof: Flat; Pitched; Rubber Membrane
Rental Info: 6 Month; Current Lse Agreemnt; Deposits; Rental History Avail; Yearly Lease
Finance Considered: Cash; Conventional; FHA; Owner Financing; VA
Source: Actual Record; Owner Provided
Zoning: R-ML*
APOD ›Listing Office: Criel and Associates, LLC
Last Updated: April - 24 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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